This Is the Primary Reason for Why Managers Often Travel

question 34

Multiple Choice

This is the primary reason for why managers often travel long distances to have a face-to-face meeting with someone.

• A)It shows respect.
• B)Most communication is done through body language.
• C)Other forms of communication have security concerns.
• D)It communicates a sense of power, rank, and mobility.

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Definitions:

Cash Payments

Disbursements of money to fulfill liabilities or acquire goods and services.

Cash Receipts

The collection of money, including coins, notes, checks, and electronic transfers, received by a business.

Journalizing

The act of recording financial transactions in a company's journal, detailing the accounts that are affected and in which direction.

Posting Process

The act of recording financial transactions in the appropriate accounts within the general ledger.